News of development

Musk says Trump 'shutting down' US humanitarian aid agency

03-02-2025 13:07 Experts warn move would to close US$40-billion USAID humanitarian agency could be a "disaster for US foreign policy."

POLITICS & ECONOMY

Chau Evita? Milei officials eye demolition of iconic BA building

21-11-2024 19:29 Evita must be trembling in heaven – President Javier Milei’s government is evaluating the future of an iconic building on Avenida 9 de Julio. Will the site, once home to state ministries, face the libertarian chainsaw?

MULTILATERAL FUNDING

Latin American development bank announces US$3.8 billion in aid

14-10-2024 11:57 Ilan Goldfajn, head of the Inter-American Development Bank (IDB) voices clear support for President Javier Milei’s reforms and quest for fiscal balance.

FOREIGN POLICY & DIPLOMACY

Argentina's OECD ascension bid is 'marathon, not sprint,' says top official

31-08-2024 09:15 Argentina should be ready to file a self-assessment paper by the end of the yer, says Organisation for Economic Cooperation and Development chief Mathias Cormann.

ECONOMIC OUTLOOK

OECD: Argentina's inflation rate to soar to 250% this year

05-02-2024 10:02 Annual inflation rate expected to skyrocket to 250.6% in 2024, forecasts Organisation for Economic Cooperation and Development.

ECONOMIC OUTLOOK

OECD: Argentina should think about ‘effectiveness of its social spending’

29-11-2023 12:22 OECD warns Argentina to assess "effectiveness of social spending" as it issues gloomy forecast for economy over next two years.

NEW FUNDING

Massa announces US$1.3 billion in funding from IDB, World Bank

22-08-2023 21:52 World Bank and Inter-American Development Bank to loan Argentina around US$1.3 billion, announces Economy Minister Sergio Massa from Washington.

Economy

Argentina's reserves fall to 17-year low after US$2.6-billion payment to IMF

01-08-2023 16:28 Argentina's Central Bank reserves drop to 2006 levels, raising currency devaluation concerns amid high inflation and an upcoming recession.

Economy

IMF to loan Argentina as much as US$10.8 billion this year

31-07-2023 16:08 The International Monetary Fund has agreed to provide Argentina with up to US$10.8 billion in loans as part of a refinancing agreement, allowing the country to navigate its economic challenges ahead of the presidential elections, but meeting the fiscal and reserve accumulation goals will pose significant challenges according to analysts.